Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is the incoming director of the Institute for Fiscal StudiesThe cloud of numbers in Rachel Reeves’ spending review obscured the big trade-offs. The chancellor rattled through an investment spree across a number of departments, interspersed with name checks for constituencies that would benefit from specific projects and reminders of all the jobs that would be supported.We knew that the government would increase investment. It was always a key part of how Labour intended to fulfil their number one mission of…

Your 401(k) could be one of your biggest assets. But what happens to it after you die? Unlike other parts of your estate, a 401(k) doesn’t get handled through your will. It follows a different path—and if you haven’t paid attention, that path might lead somewhere you didn’t intend. Below, we break down what happens to a 401(k) after death, who gets the money, and what your beneficiaries need to do next. Key Takeaways Your 401(k) passes to the person you name on a beneficiary form—not through your will.Spouses and non-spouses face different rules and tax implications when inheriting a…

Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.The trade war unleashed by Donald Trump may be just the precursor for much larger turmoil in the global economy. Whatever tariffs look like when the dust settles, deficits, surpluses and trade patterns will still be shaped by financial flows. It is only a matter of time before another economic policy war flares up — indeed it has already begun. Welcome to the new age of financial repression.Financial repression refers to policies designed to steer capital to fund government priorities, rather than…

Seven years after the Supreme Court struck down a federal sports-betting ban, gambling has become mainstream finance. Thirty-eight states, Puerto Rico, and Washington, D.C., now let residents place legal wagers, and each new jurisdiction widens the runway for industry growth. Meanwhile, U.S. commercial gaming operators posted a record-setting $71.9 billion in revenue last year, their fourth consecutive such record, according to the American Gaming Association.  For investors, the most reliable way to profit from all that action is not to wager on the next point spread, but to invest in the companies that skim a fraction of every spin, slip,…

Today, Americans spend $9,985 on average on food per year—making it one of the largest expenses overall. As U.S. food prices have jumped 23.6% in the past five years, meal prepping can be a valuable way to cut costs. Done right, meal prepping can reduce food away from home expenses, limit food waste, and help you avoid last-minute grocery splurges. It’ll also save you thousands of dollars annually.  We’ll show you the potential cost savings of meal prepping along with expert tips for planning meals that fit your budget and lifestyle. Key Takeaways Meal prepping helps you cook smarter by…

Traveling should be exciting, relaxing, and enjoyable. But for scammers, tourists are an easy way to make money fast. From inflated taxi prices to fake booking sites, scammers have become creative in taking advantage of visitors. “Many of these travel scams work because they blend in with what feels normal in a tourist environment, such as crowds, confusion, and a general lack of local knowledge,” says Jason Zirkle, CFE and Training Director at the Association of Certified Fraud Examiners. Knowing what some common scams are, where they occur the most, and how to protect yourself against them will ensure you…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The effects of Donald Trump’s cuts to government programmes and his tariff policies are likely to show up in June’s US jobs report, with hiring expected to have slowed. The data on Thursday will show the US added 120,000 jobs in June, down from 139,000 the month before, according to the forecasts of economists surveyed by Bloomberg. The unemployment rate is expected to have risen to 4.3 per cent, from 4.2 per cent.June’s data should capture job losses from the Trump administration’s huge…

There is plenty of advice about retirement out there, including how much you need to save, when to start planning, and when to actually retire. Unfortunately, much of it is based on outdated assumptions and oversimplified thinking. To help cut through the noise, we talked to financial advisors about three of the biggest retirement myths. Below, we explain why these myths don’t hold up. Key Takeaways It’s never too early to start saving for retirement—in fact, an early start can have a dramatic impact on the size of your final nest egg. There’s no universal age for retirement—the number of…

What Is a Free Market Economy? A free market economy is one based on competition rather than goverment control. Supply and demand regulate production and labor. Companies sell goods and services at the highest price consumers are willing to pay while workers earn the highest wages companies are willing to pay for their services. A capitalist economy is a type of free market economy; the profit motive drives all commerce and forces businesses to operate as efficiently as possible to avoid losing market share to competitors. In capitalism, businesses are owned by private individuals, and these business owners hire workers in return…

Donald Trump may have done Canada a favour. By imposing sweeping tariffs on his northern neighbour — and threatening to annex it — he has given Ottawa the impetus to dismantle the entrenched internal trade barriers that undermine its economy.The overhaul, described by economists as an “economic renaissance”, aims to remove the quotas, taxes and competing standards that inhibit the free flow of goods and labour between Canada’s 10 provinces and three territories, costing the nation billions.“If a sausage is safe to eat and be served in Nova Scotia, it should be OK to sell that very same sausage in…